Offering truth beyond the mere black and white.
"Pessimism of the intellect, optimism of the will." -- Antonio Gramsci"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness." -- John Kenneth Galbraith"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts." -- Bertrand Russell

Sunday, June 14, 2009

The $2 Trillion Swing

When Bill Clinton exited office, he left behind a hefty $850 billion budget surplus. Enter GW and a GOP-controlled Congress and it didn't take long for that surplus to vanish.

The deficit is now projected to be $1.2 trillion and this chart breaks down how much of that shortfall is on Obama's head, versus GW.

Of the $2 trillion swing in good fortune, it appears to me that Obama is responsible for just about $200 billion, or 10%. Remember that figure the next time you hear a Republican bemoaning spending and deficits.